How remote working created a new internet billionaire at Okta

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A decade-old cloud computing company gives corporate customers a kind of border control for the internet, keeping data safe with staff working from home

The coronavirus pandemic, for all its human and economic tragedy, has spurred a once-in-a-generation opportunity for the tech industry, seized most visibly by the sector’s giants such as Apple, Amazon and Microsoft, and productivity players such as Zoom and Slack.

From March to the end of July, Okta’s main product, Identity Cloud, was used almost 16-billion times to access an app or website “We’re still being prudent about the rest of the year and the macro-economic consequences ahead of us,” CEO Todd McKinnon said in an interview. “Headwinds to the business will be a little stronger in the second half.”

Sun said the company greatly reduced its legacy sign-on system in the week of March 16 in favour of Okta. “Really, behind the scenes PirateNet is hundreds of apps inside Okta,” said Paul Fisher, an associate chief information officer of Seton Hall.

 

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